BTC Elliott wave analysis 6/26 /2025In my view, BTC has completed wave (4) of the V wave, which is part of the larger Supercycle wave ⑤. This conclusion is supported by the completion of a micro WXY pattern within a larger WXY structure, as well as confirmation from a Bullish Butterfly harmonic pattern, indicating that wave (4) has likely ended.
Following that, a clear impulsive move has formed, which I believe represents wave ⓘ of wave V. Based on the wave count, it appears that wave ⓘ may now be complete, and we could expect a short-term corrective move before the market continues upward to next impulse.
To support this idea, I have also drawn a Bat harmonic pattern, which confirms the probable completion of wave ⓘ, as illustrated in the chart I’ve provided.
The target for wave 3 is estimated to be around 190,000–210,000, in order to keep wave V proportionate and prevent it from becoming too long in a non-extension scenario.
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